Drawal limit of USD 125000 increased to USD 250,000 per financial year Foreign Exchange Management (Permissible Capital Account Transactions) (Third Amendment) Regulations, 2015

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..... Mumbai, the 26th May, 2015 Foreign Exchange Management (Permissible Capital Account Transactions) (Third Amendment) Regulations, 2015 G.S.R. 425(E).-In exercise of the powers conferred by sub-section (2) of Section 6, Sub-Section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) the Reserve Bank of India, in consultation with Central Government, makes the following Reg .....

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..... or issued thereunder, a resident individual may, draw from an authorized person foreign exchange not exceeding USD 250,000 per financial year or such amount as decided by Reserve Bank from time to time for a capital account transaction specified in Schedule I. Explanation: Drawal of foreign exchange as per item number 1 of Schedule III to Foreign Exchange Management (Current Account Transactions .....

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..... " B. P. KANUNGO, Principal Chief General Manager Foot Note : The Principal Regulations were published in the Official Gazette vide No. G.S.R. No. 384(E) dated May 5, 2000 in Part II, Section 3, sub-section (i) and subsequently amended vide: G.S.R. 207(E) dated March 23, 2004 G.S.R. 14(E) dated January 5, 2008 G.S.R. 551(E) dated August 14, 2013 G.S.R. 488(E) dated July 11, 2014
Noti .....

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